The Verano Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOSTON, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.8M in total assets. In 2024, it awarded 25 grants totaling $140K. Net investment income was $40K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.8M
-5.1% YoY
Annual Giving
$140K
+0.2% YoY
Grant Count
25
-7.4% YoY
Avg Grant Size
$6K
+8.2% YoY
Under IRS private-foundation payout rules, The Verano Fund reported a distributable amount of $146K for 2024 — the minimum it must pay out in qualifying distributions.
About The Verano Fund
Based on IRS filings
The Verano Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOSTON, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.8M in total assets. In 2024, it awarded 25 grants totaling $140K. Net investment income was $40K.
Focus Areas
Ready to take the next step with The Verano Fund?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,831,539 | $1,930,551 | $2,045,985 |
| Revenue | $67,332 | $53,120 | $612,266 |
| Expenses | $167,274 | $176,833 | $169,355 |
| Qualifying Distributions | $141,900 | $141,600 | $142,300 |
| Net Investment Income | $40,093 | $47,356 | $586,286 |
| Distributable Amount | $145,973 | $134,287 | $130,604 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
142 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Water for the South Sudan ($40,000), Woods Hole Oceanographic Institute ($10,000), Iowa Public Radio ($9,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN RED CROSS MEDFORD, MA | 2024 GRANT | $5,500 |
| BELMONT DAY SCHOOL BELMONT, MA | 2024 GRANT | $5,000 |
| BUZZARDS BAY COALITION NEW BEDFORD, MA | 2024 GRANT | $1,000 |
| COMMUNITY SERVINGS JAMAICA PLAIN, MA | 2024 GRANT | $250 |
| CUTTYHUNK HISTORICAL SOCIETY CUTTYHUNK, MA | 2024 GRANT | $2,000 |
| DOCTORS WITHOUT BORDERS USA HAGERSTOWN, MD | 2024 GRANT | $2,500 |
| IOWA COMMUNITY IMPROVEMENTS DES MOINES, IA | 2024 GRANT | $5,000 |
| IOWA PUBLIC RADIO DES MOINES, IA | 2024 GRANT | $9,000 |
| MABA AT MASSACHUSETTS AUDUBON CANTON, MA | 2024 GRANT | $2,500 |
| MERCY SHIPS GARDEN VALLEY, TX | 2024 GRANT | $2,500 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| A DIX LEESON JR | TRUSTEE | 1 | — |
| CHARLES E CLAPP III | TRUSTEE | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Verano Fund?
The Verano Fund is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in BOSTON, MA. It holds $1.8M in total assets as of 2024.
How large is The Verano Fund?
As of 2024, The Verano Fund holds $1.8M in total assets with $67K in annual revenue. It awarded 25 grants totaling $140K in 2024.
Where does The Verano Fund operate?
The Verano Fund has awarded grants in California, Connecticut, Florida, Iowa, Massachusetts, Maryland, Minnesota, New York, Tennessee, Texas.
What size grants does The Verano Fund award?
In 2024, The Verano Fund awarded 25 grants totaling $140K — an average of about $6K per grant, based on its IRS Form 990 filings.
How much is The Verano Fund required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Verano Fund reported a distributable amount of $146K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Verano Fund's EIN?
The Verano Fund's EIN (Employer Identification Number) is 31-1689508. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in The Verano Fund's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Conservation Food and Health Foundation
BOSTON, MA
Assets
$14.6M
Grants
49
Total Given
$2.2M
Charles J Tasker Memorial Scholarship Fund
HANOVER, MA
Assets
$98K
Grants
1
Total Given
$8K
The Bulens Family Foundation
WELLESLEY, MA
Assets
$3.0M
Grants
68
Total Given
$956K
Marshall M & Barbara J Sloane Pvt Found
CHESTNUT HILL, MA
Assets
$1.2M
Grants
11
Total Given
$75K
John J Mcardle Iii & Joan C Mcardle
ANDOVER, MA
Assets
$1.8M
Grants
13
Total Given
$205K
Massachusetts Association of Realtors
FOXBOROUGH, MA
Assets
$18.1M
Grants
2
Total Given
$71K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with The Verano Fund on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching The Verano Fund to a real strategy.